MEASURING AND ANALYSIS OF COMPETITION INTENSITY IN THE SUGAR MARKET IN SERBIA
DOI:
https://doi.org/10.5937/ekoPolj1602389KKeywords:
competition, market concentration, market power, sugar market, SerbiaAbstract
Competition intensity is an important factor of social welfare in all market economies. The purpose of this paper is to establish a methodological framework for measuring and analyzing competition intensity in the sugar market in Serbia. There are several indicators of competition intensity that are used in market analysis. Results obtained by these indicators provide a good basis for objective, unbiased, and to some extent standardized reasoning and identifcation of anti-competitive behavior. The study is made by using descriptive statistics, comparative and correlation analysis. The results of the measurement of competition intensity in the sugar market in Serbia show signifcant problems in the process of establishing an effcient market economy in the Republic of Serbia. The paper is useful to the competition authority, providing signifcant fndings of competitive conditions in the sugar market in Serbia, but also to the researchers in the feld of market analysis, by providing them with an applicable methodological framework for measuring and analyzing competition intensity in the markets of other products in complex process industries.
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2. Bikker, J., Haaf, К. (2002): Measures of competition and concentration in banking industry: A review of literature. Economic and Financial Modelling, Vol. 9, No. 2, pp. 53-98.
3. Davis, P., Garcés, E. (2010): Quantitative techniques for competition and antitrust analysis (ISBN: 978-0-691-14257-9). Princeton University Press, Princeton, New Jersey.
4. Ferguson, P.R., Ferguson, G.J. (1994): Industrial economics: Issues and perspectives (ISBN: 978-0-814-72625-9). Macmillan, London, United Kingdom.
5. Komisija za zaštitu konkurencije Republike Srbije (2013): Rešenje broj 6/0-02-3/2013-15. (Retrieved from http://www.kzk.gov.rs/kzk/wp-content/uploads/2013/02/MicrosoftWord-.pdf 2016 Jan 10).
6. Krstić, B., Sekulić, V. (2013): Upravljanje poslovnim performansama (ISBN: 978-86-6139-066-1). Ekonomski fakultet, Niš, Srbija.
7. Lee, C. (2007): SCP, NEIO and beyond. Working Paper, The International Centre for the Study of East Asian Development, No. 5, Kitakyushu, Japan.
8. Lipczyinski, J., Wilson, J., Goddard, J. (2009): Industrial organization: Competiton, strategy, policy (ISBN: 978-0-273-71038-7). Prentice Hall, Harlow, United Kingdom.
9. European Commission (2004): Guidelines on the assessment of horizontal mergers under the council regulation on the control of concentrations between undertakings. Offcial Journal of the European Union (C 31), pp. 5-18. (Retrieved from http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52004XC0205(02)&from=EN 2016 Jan 17).
10. Vlada Republike Srbije (2016): Uredba o sadržini i načinu podnošenja prijave koncentracije. Službeni glasnik Republike Srbije, Br. 5/2016. (Retrieved from http://www.kzk.gov.rs/kzk/wp-content/uploads/2016/02/Uredba-o-sadr%C5%BEini-ina%C4%8Dinu-podno%C5%A1enja-prijave-koncentracije-Sl.-gl.-RS-br.-5-2016.pdf 2016 Mar 17).
11. Lončar, D., Rajić, V. (2011): Analysis of competition and concentration in the confectionery products market in Serbia. Ekonomika preduzeća, Savez ekonomista Srbije, Vol. 58, No. 7-8, pp. 367-378, Beograd, Srbija.
12. Marfels, C. (1971): Absolute and relative measures of concentration reconsidered. Kyklos, Wiley-Blackwell, Vol. 24, No. 4, pp. 753-766, Hoboken, New Jersey.
13. Milanović, M. (2011): Ekonomske promene u reprodukcionoj vertikali industrije ulja u Srbiji – dugoročni trendovi. Industrija, Ekonomski institut, Vol. 39, No. 4, pp. 107-126, Beograd, Srbija.
14. Ministarstvo poljoprivrede i zaštite životne sredine Republike Srbije (2010-2015): Izveštaji o šećeru. (Retrieved from http://www.mpzzs.gov.rs/dokumenti/ 2016 Feb 29).
15. Ministarstvo trgovine, turizma i telekomunikacija Republike Srbije (2010-2015): Kupovna moć stanovništva: Potrošačka korpa. Mesečni izveštaji. (Retrieved from http://mtt.gov.rs/informacije/potrosacka-korpa/ 2016 Feb 25).
16. Pisanie, J. (2013): Concentration measures as an element in testing the structure-conductperformance paradigm. ERSA Working Paper, National Treasury of South Africa, No. 345, South Africa.
17. Statistical Offce of the Republic of Serbia (2000-2014): Monthly statistical bulletin. (Retrieved from http://webrzs.stat.gov.rs/WebSite/Public/PageView.aspx?pKey=140 2016 Feb 28).
18. Stojanović, B., Radivojević, V. (2010): Koncentracija ponude kao izraz nesavršenosti tržišta: Primer nespecijalizovane trgovine na malo na tržištu grada Niša. Ekonomika preduzeća, Savez ekonomista Srbije, Vol. 58, No. 7-8, pp. 327-338, Beograd, Srbija.
19. Stojanović, B., Radivojević, V. (2011): Economic glance at antitrust legislation in Serbia and others Western Balkan countries: Case study – dairy products market. Journal for Business and Economics, Academic Star Publishing Company, Vol. 2, No. 6, pp. 472-487, New York.
20. U.S. Department of Justice, Federal Trade Commission (2010): Horizontal merger guidelines. Washington, U.S.A. (Retrieved from https://www.ftc.gov/sites/default/fles/attachments/merger-review/100819hmg.pdf 2016 Jan 17).
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Published
2016-04-30
How to Cite
Krstić, B., Radivojević, V., & Stanišić, T. (2016). MEASURING AND ANALYSIS OF COMPETITION INTENSITY IN THE SUGAR MARKET IN SERBIA. Ekonomika Poljoprivrede, 63(2), 389–406. https://doi.org/10.5937/ekoPolj1602389K
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Original scientific papers
